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Tuesday, October 9, 2012

More Arms For Baghdad: Iraq Buys 4 Billion In Russian Weapons

More Arms For Baghdad: Iraq Buys 4 Billion In Russian Weapons

October 9, 2012 - http://www.ibtimes.co.uk/articles/392712/20121009/iraq-russia-nouri-al-maliki-medvedev-pantsir-mi-30-weapons.htm

Sandwiched in the middle of the world’s most volatile and oil-rich region, Iraq is racing to rearm itself as the Middle East goes on a weapon-buying spree. After agreeing to buy 12 billion dollars’ worth of American weapons including a large fleet of F-16 fighter jets from Lockheed Martin (NYSE: LMT),  the govenrment of Prime Minister Nouri al-Maliki has decided to diversify its suppliers with another mega-order, worth $4.2 billion, but from Russia.
A joint statement issued on Tuesday after talks between al-Maliki and Russian counterpart Dmitry Medvedev in Moscow, said the deal included 30 Mi-28 attack helicopters and 42 Pantsir-S1 surface-to-air missile systems.

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